Gold surged to new record highs in September 2025, outperforming the S&P 500, NASDAQ and Bitcoin year-to-date, fueled by a weaker USD and expectations of strong central-bank buying. Goldman Sachs now forecasts gold prices reaching $3,700 by the end of 2025 and $4,000 by mid-2026, with the possibility of $4,500 per ounce if private investors exit dollar assets in favor of bullion. In such a climate, gold's role as a
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